Mumbai, Nov. 21 -- Japan's core inflation in October rose at its sharpest rate since July, in line with market estimates on Friday, supporting the case for interest rate hikes by the Bank of Japan. The headline inflation rate rose to 3%, marking the the 43rd month in a row that it has run above the BOJ's 2% target. The core-core inflation rate, which strips out prices of fresh food and energy, crept up to at 3.1%, compared to 3% in September.
Published by HT Digital Content Services with permission from Capital Market....